ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

China's state-owned chemicals inch toward megamerger

Sinochem and ChemChina first combine agriculture units

A Sinochem factory: There has been speculation for years that China's two leading chemical makers could merge. (Photo courtesy of Sinochem)

BEIJING -- Sinochem Group and ChemChina are taking steps toward forming a single mega-sized, state-owned company with over $150 billion in annual sales, following up on their decision this month to integrate agrochemical businesses.

Publicly listed subsidiaries of both groups said Thursday that they received a letter saying Sinochem and ChemChina are "planning for a strategic restructuring." No further details were provided.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more